RICHMOND, VA (WWBT) - He says they vetted Cephas Industries - it was a 15-year-old company. It had the land and appeared to have the capital to build.
But the project never got off the ground and Cephas eventually rented a building off Deepwater Terminal Road.
"We saw the operation was ongoing, twice in a six-month period. But I can't say what has happened now," said Christopher. "I'm as disappointed as anyone would be that the project didn't have legs and this company wasn't able to stay in business for the long term."
The Department of Mines, Minerals and Energy says with any project, there is risk - but this is the only project the agency says didn't last.
According to documents, $230,000 was used to buy the John Deere excavator and a 2004 Mack tractor. The Department of Mines is currently trying to locate Cephas and determine what's happened to the equipment purchased with your tax dollars.